Reported about 1 year ago
Bitcoin dropped for the fourth consecutive trading session, reaching its lowest point since February. This downward trend is attributed to concerns about selling by governments, creditors of a failed exchange, and struggling crypto miners. The original digital asset fell as much as 8% to $53,602, highlighting the challenges facing the cryptocurrency industry. Amidst this, global stocks are hitting record highs, and a correlation between Bitcoin and the stock market is declining, reflecting a lack of buzz in crypto markets.
Source: YAHOO